Fusion Academy Leases Industrial Space In Washington From American Geophysical Union
2000 Florida Ave NW, Washington, DC...
Building Size
14,690 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
The Industrial property located at 2000 Florida Ave NW in Washington, DC, boasting 14,690 square feet, was involved in a lease transaction. The Tenant, Fusion Academy, secured this space from the Landlord, American Geophysical Union. The Tenant was represented by Steve Spartin from JLL, while the Landlord was represented by Morgan Monroe from EQ Office, Sally Wilson from Newmark, and Suzanne White.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Tenant: Fusion Academy
- Landlord: American Geophysical Union
- Square Feet: 14,690
- Tenant's Rep: Steve Spartin (JLL)
- Landlord's Rep: Morgan Monroe (EQ Office), Sally Wilson (Newmark), Suzanne White
The deal involved key individuals Steve Spartin representing the Tenant, Fusion Academy, and Morgan Monroe, Sally Wilson, and Suzanne White representing the Landlord, American Geophysical Union. These professionals played crucial roles in facilitating the successful lease transaction of this industrial property in Washington, DC.
Players
Washington Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93